Bloomberg ETF analysts Eric Balchunas and James Seyffart announced that they are hearing that the ETH ETFs could be approved on May 23rd, and upped their odds from 25% to 75%. The approval of an ETH ETF is being seen as an increasingly political issue, especially after the move to overturn the SEC's SAB 121 ruling about crypto custody passed the House and Senate. Upon the news, ETH has increased by over 17%.
Tuesday, May 21, 2024Bloomberg ETF analyst Eric Balchunas has moved up his over/under date for the ETH ETF launch to July 2nd. He cites the SEC's minimal comments on S-1 applications and its presumed desire to finish work before July 4th.
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